Bitcoin’s bullish momentum is far fom over despite strong retracement. The technical structure has shown a tremendous positive short-term momentum. Hourly support is located at 15’752 (13/12/2017 low). In the short-term, the digital currency should continue rising towards levels unseen so far.
In the long-term, the digital currency has had an exponential growth. There are decent likelihood that the asset will reach $40’000 in 2018.